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    Derek Grosse

    Managing Director and Senior Research Analyst at Piper Sandler Companies

    Derek Grosse is a Managing Director and Senior Research Analyst at Piper Sandler Companies, specializing in the financial services sector with a focus on regional banks and financial institutions. He provides research coverage for companies including PacWest Bancorp, Signature Bank, Western Alliance Bancorporation, and Bank OZK, with a performance track record evidenced by above-average ratings on platforms like TipRanks and a published success rate consistently exceeding 60%. Grosse began his career in equity research during the early 2000s, holding positions at KBW and RBC Capital Markets before joining Piper Sandler in 2014, where he has built a reputation for in-depth financial analysis and actionable investment insights. He holds FINRA Series 7, 63, 86, and 87 licenses and is recognized for delivering high-quality research and timely market perspectives to institutional investors.

    Derek Grosse's questions to Claritev (CTEV) leadership

    Derek Grosse's questions to Claritev (CTEV) leadership • Q2 2025

    Question

    Derek Grosse of Piper Sandler Companies asked about Claritev's market share and revenue model in the Independent Dispute Resolution (IDR) process. He also requested an update on the Lantern partnership, including whether it is live and what early returns have been observed.

    Answer

    CFO Doug Garis highlighted Claritev's strong performance in the IDR space, citing a CMS ranking as a top performer with a win rate over 22%, and noted that AI will be used to further automate processes. CEO Travis Dalton described the Lantern partnership as being in its 'very early' stages, with more details on revenue contribution to be provided in the future. Garis added that strategic partnerships are key to expanding market reach efficiently.

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    Derek Grosse's questions to Claritev (CTEV) leadership • Q2 2025

    Question

    Derek Grosse from Piper Sandler asked about Claritev's role, market share, and revenue model in the Independent Dispute Resolution (IDR) process, and also requested an update on the Lantern partnership, including any early returns.

    Answer

    CFO Doug Garis highlighted Claritev's strong IDR performance, citing a CMS-ranked win rate above 22% and significant internal process improvements, though he deferred on specific market share and revenue model details. Regarding the Lantern partnership, CEO Travis Dalton and CFO Doug Garis explained that it is still in its early stages with minimal revenue contribution to date, emphasizing that the focus is on executing on a few critical partnerships to drive scalable growth.

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